On July 13, Marathon Petroleum rose 3.84% in regular trading, trading near $295.64/share, with turnover of approximately $51.06 million. The rally was driven by a confluence of investment bank upgrades and escalating Middle East geopolitical risks lifting the broader oil sector.

On the catalyst front, Jefferies raised its price target on Marathon Petroleum from $296 to $335 while maintaining a Buy rating. Days earlier, UBS also lifted its target from $280 to $321. Goldman Sachs warned that oil flows through the Strait of Hormuz had dropped to 70% of normal levels, pushing Brent crude back above $80 and triggering broad-based strength across US oil stocks.

Fundamentally, Marathon Petroleum reported Q1 revenue of $34.57 billion, beating the $33.42 billion consensus estimate, while adjusted EPS of $1.65 exceeded the $0.75 estimate by 120%. The company also highlighted that even if the Strait of Hormuz reopened immediately, global fuel flows would take considerable time to normalize, supporting a structurally elevated refining margin environment.

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